|
So I'm a bit confused on the IDR payment adjustment requirements, I keep seeing news stories saying you must consolidate before the end of 2023, however on the studentaid.gov sites it states: "Please note that submitting a consolidation application alone does not guarantee any benefits under the payment count adjustment. In general, it takes at least 60 days to process a Direct Consolidation Loan application and to disburse the new loan. This means that if you want to consolidate your loan(s) in order to get the benefit of the adjustment, you should submit a loan consolidation application by April 30, 2024." We currently have approx 50K left from on my wife's loans. If possible I'd like to wait to consolidate because we filed taxes jointly this year which makes all the IDR plans higher than our current payment. But, If I can wait until we file this coming years taxes and file them separately, my wife's smaller income makes this a very attractive proposition, especially if we get credit for former payments. I could swallow a couple months of higher payments if necessary before recertifying, but being able to wait until I get my W2s done in February would be far easier
|
#
¿
Dec 19, 2023 12:58
|
|
|
|
| # ¿ Apr 29, 2024 08:48 |
|